CFTC To Allow Spot Trading of Crypto Assets on Regulated Futures Exchanges

The Commodities Futures Trading Commission (CFTC) announced on Monday that it would allow spot trading of crypto-asset contracts that are listed on a futures exchange that is regulated by the agency, Reuters reported. The announcement fulfills a recommendation in a report by the White House Crypto Working Group released last week that the CFTC and SEC should “immediately enable trading of digital assets at the federal level,” by clarifying rules on crypto trading, custody, and record keeping.

In a similar vein, SEC chair Paul Atkins last week outlined a series of crypto-related initiatives he called “Project Crypto,” including directing staff to develop guidelines for clarifying when a crypto asset qualifies as a security,”

Source link